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  1. Dictionary
    Ec·o·nom·ics
    /ˌekəˈnämiks/

    plural

    • 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
    • 2. the condition of a region or group as regards material prosperity: "he is responsible for the island's modest economics"
    More Definitions, Word Origin & Scrabble

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  3. www.britannica.com › money › economicsEconomics | Definition, History, Examples, Types, & Facts

    May 18, 2024 · Economics is the social science that studies how people make choices under scarcity and how economies work. Learn about the history, branches, methods, and applications of economics from Britannica.

  4. en.wikipedia.org › wiki › EconomicsEconomics - Wikipedia

    Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

  5. www.merriam-webster.com › dictionary › economicsEconomics Definition & Meaning - Merriam-Webster

    Learn the meaning of economics, a social science that studies the production, distribution, and consumption of goods and services. See examples, word history, phrases, and related entries.

  6. www.investopedia.com › terms › eEconomics Defined with Types, Indicators, and Systems

    Apr 4, 2024 · Economics is a social science that studies how people allocate scarce resources for production, distribution, and consumption. Learn about the branches, indicators, and systems of economics, and how they affect individuals, businesses, and nations.

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  8. www.aeaweb.org › resources › studentsWhat is economics? - American Economic Association

    Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money.

  9. openstax.org › books › principles-economics-3e1.1 What Is Economics, and Why Is It Important? - OpenStax

    Economics is the study of how humans make decisions in the face of scarcity. These can be individual decisions, family decisions, business decisions or societal decisions. If you look around carefully, you will see that scarcity is a fact of life. Scarcity means that human wants for goods, services and resources exceed what is available.

  10. www.dictionary.com › browse › economicsECONOMICS Definition & Meaning | Dictionary.com

    Economics definition: the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.. See examples of ECONOMICS used in a sentence.

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